Rationalisation of the European construction collaboration market has taken another step forward. Munich, Germany-based vendor think project! has announced that it has acquired 100% of the shares of another (smaller) German vendor, Cologne-based Conetics AG.
According to the think project! news release, Conetics AG was established in 2000 in North Rhine-Westphalia, Germany, as a spin-off of two large general contractors. The company specialises in digital collaboration within the construction industry, currently servicing contractors, project developers, clients, project managers and general planners via its cloud solution. Conetics’ customers include Aug. Prien, Hochtief, Bauwens, Bilfinger, Zechbau, Art-Invest, Pandion, Unibail-rodamco (mfi), moderne stadt and the Hamburg Port Authority (HPA).
The deal removes a smaller competitor from the German and neighbouring markets (the Netherlands, for example), allowing think project! to expand its position in Germany while strengthening its customer base in both the western and northern regions of the country. It also provides Conetics’ customers with some think project! functionality, such as building information modelling (BIM) capabilities.
Thomas Bachmaier, CEO of think project! says:
“With the integration of Conetics, we’ll be able to further expand our customer base throughout the project development and contractors segments. Moreover, we’ve also won a highly experienced and competent team in the areas of consulting, sales and development as a result.”
Michael Wagmann, director of Conetics AG, says:
“With this merger we’ve become part of think project! and the leading provider in Germany. In turn, we’ve pooled our competencies toward the digitalisation of construction processes. As a part of an internationally positioned corporate group, which is also the leading provider of cross-enterprise collaboration in Europe, we can best support our customers on their international projects in future – while offering complementary products and services from the group’s broad portfolio. It also makes comprehensive solutions for BIM Collaboration from think project! available to us immediately. As a result, we’ll now become an even more effective partner with our customers for the increased digitalisation of the construction sector.”
Last week, think project! announced a joint venture with Madrid, Spain-based ProjectCentre (post), and I noted how the Munich-based company appeared to be looking to build a strong European base to compete against Aconex, which acquired its major European competitor Conject earlier this year, and – to a lesser extent, Stuttgart’s RIB.